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The AI speech to text tool market is forecasted to grow by USD 8.29 billion during 2024-2029, accelerating at a CAGR of 28.8% during the forecast period. The report on the AI speech to text tool market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by escalating enterprise demand for unstructured data analytics and operational efficiency, proliferation of generative AI and large language models enhancing asr capabilities, and increasing mandates and consumer expectations for content accessibility in media and education.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The AI speech to text tool market is segmented as below:
By Type
- ASR
- Real-time transcription systems
- Voice recognition systems
- Captioning systems
- Others
By Content Type
- Online courses
- Meetings
- Podcasts
- Films
By End-user
- BFSI
- Healthcare
- IT and telecom
- Education
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the AI speech to text tool market covers the following areas:
- AI Speech To Text Tool Market sizing
- AI Speech To Text Tool Market forecast
- AI Speech To Text Tool Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Type
8 Market Segmentation by Content Type
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global ai speech to text tool market: Amazon Web Services Inc., Amberscript Global B.V., AssemblyAI, Deepgram Inc., Gnani Innovations Pvt Ltd., Google Cloud, iFLYTEK Corp., International Business Machines Corp., Microsoft Corp., Nuance Communications Inc., Otter.ai Inc., Rev AI, Sensory Inc., Speechmatics, Uniphore Technologies Inc., Verbit.ai, Verint Systems Inc., VoiceBase Inc., and Wit.ai (Meta).Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is dominance of low-latency, real-time streaming asr in interactive applications."
According to the report, one of the major drivers for this market is the escalating enterprise demand for unstructured data analytics and operational efficiency.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon Web Services Inc.
- Amberscript Global B.V.
- AssemblyAI
- Deepgram Inc.
- Gnani Innovations Pvt Ltd.
- Google Cloud
- iFLYTEK Corp.
- International Business Machines Corp.
- Microsoft Corp.
- Nuance Communications Inc.
- Otter.ai Inc.
- Rev AI
- Sensory Inc.
- Speechmatics
- Uniphore Technologies Inc.
- Verbit.ai
- Verint Systems Inc.
- VoiceBase Inc.
- Wit.ai (Meta)
